Stansd My brother’s PITI is 47% of his 60k income (wife, 2 kids)

[stansd]

First, Breeze, that’s funny.

Thanks for responding sdr. I believe both are first loans, not refi’d, so they should be non-recourse. Property is in Bellflower, CA-1.5 hours north of here.

I’d love to have him talk with you 1:1, and possibly even use you, but I’m guessing it would be tough to represent someone that far from here.

He doesn’t have any explicit hardship other than the 47% of income going to his mortgage, which leaves him 32k to live on in CA with 2 kids. His compensation is down-he’s on bonus, and there aren’t many bonuses around these days.

Stan

[paramount]

Good article on this very issue in the North County Times today:

http://nctimes.com/articles/2009/01/24/business/z9bb1f6a96248e42c8825754600698e2a.txt

[paramount]

Good article on this very issue in the North County Times today:

http://nctimes.com/articles/2009/01/24/business/z9bb1f6a96248e42c8825754600698e2a.txt

[paramount]

Good article on this very issue in the North County Times today:

http://nctimes.com/articles/2009/01/24/business/z9bb1f6a96248e42c8825754600698e2a.txt

[paramount]

Good article on this very issue in the North County Times today:

http://nctimes.com/articles/2009/01/24/business/z9bb1f6a96248e42c8825754600698e2a.txt

[paramount]

Good article on this very issue in the North County Times today:

http://nctimes.com/articles/2009/01/24/business/z9bb1f6a96248e42c8825754600698e2a.txt

[stansd]

Thanks paramount…great article, and very appropos. I didn’t know a short sale was almost as big of a ding to credit as a foreclosure…that begs the question a bit of why anyone would do a short sale, then…I think I want some more evidence to corroborate that-seems funny to me.

Stan

[stansd]

Thanks paramount…great article, and very appropos. I didn’t know a short sale was almost as big of a ding to credit as a foreclosure…that begs the question a bit of why anyone would do a short sale, then…I think I want some more evidence to corroborate that-seems funny to me.

Stan

[stansd]

Thanks paramount…great article, and very appropos. I didn’t know a short sale was almost as big of a ding to credit as a foreclosure…that begs the question a bit of why anyone would do a short sale, then…I think I want some more evidence to corroborate that-seems funny to me.

Stan

[stansd]

Thanks paramount…great article, and very appropos. I didn’t know a short sale was almost as big of a ding to credit as a foreclosure…that begs the question a bit of why anyone would do a short sale, then…I think I want some more evidence to corroborate that-seems funny to me.

Stan

[stansd]

Thanks paramount…great article, and very appropos. I didn’t know a short sale was almost as big of a ding to credit as a foreclosure…that begs the question a bit of why anyone would do a short sale, then…I think I want some more evidence to corroborate that-seems funny to me.

Stan

[Author]

Posts